You can’t just buy a house and sell it for a higher price. You are either flipping it to raise its value which is a lot of work or sitting and holding the house and waiting for it to appreciate. Product scalpers don’t have to-do either, nor do they have to pay interest on the loan like they would a mortgage.
Product scalpers rely on sudden bulk purchase of a limited supply batch of products. Unless you’re a mega millionaire you can’t do that with housing. So I don’t think you should consider it unethical to buy a second home and rent out. It is a valid source of income.
You can absolutely buy a house and sell it for a higher price, and do nothing to it or very minimal modifications. I work in the title industry and see it literally every day. LLC or trust buys house with cash, turns around and sells house a couple weeks later for like $100,000 more, while doing nothing to it or very minimal repairs or aesthetic/curb appeal changes.
You can’t just buy a house and sell it for a higher price. You are either flipping it to raise its value which is a lot of work or sitting and holding the house and waiting for it to appreciate. Product scalpers don’t have to-do either, nor do they have to pay interest on the loan like they would a mortgage.
Product scalpers rely on sudden bulk purchase of a limited supply batch of products. Unless you’re a mega millionaire you can’t do that with housing. So I don’t think you should consider it unethical to buy a second home and rent out. It is a valid source of income.
>:(!!!Might be the first person to express that opinion here. Usually you’re not allowed to be a cop, landlord, or employer.
You can absolutely buy a house and sell it for a higher price, and do nothing to it or very minimal modifications. I work in the title industry and see it literally every day. LLC or trust buys house with cash, turns around and sells house a couple weeks later for like $100,000 more, while doing nothing to it or very minimal repairs or aesthetic/curb appeal changes.